DailyMarkets.com - Forex – EUR/USD Down During The Asian Session

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• Forex – EUR/USD Down During The Asian Session
• Forex – EUR/JPY Down During The Asian Session
• Crude Oil Inventory Watch: Surplus Continues To Erode Despite Spike In Imports
• Forex – GBP/JPY Down During The Asian Session
• NBA Ticket Prices Fall Again
• Forex – NZD/USD Up During The Asian Session
• Vertex Eyes Telaprevir Approval
• The Day Ahead: Thanksgiving Day
• Gilead Files NDA For Combo HIV Drug
• Gilead Files NDA For Combo HIV Drug
• FDIC’s Problem Bank List Increases
• Edison Finances Wind Project
• Janus Faces Insider Trading Probe
• Closing Bell Market Monitor: TIF, GES, SAP
• ConAgra Attempts To Enhance Volume
• Guess? Beats, Raises Dividend
• Otix-WDH Merger Gets Shareholder OK
• Forex – EUR/USD Down At The End Of U.S. Session
• Forex – USD/JPY Up Toward The End Of U.S. Session
• Profit Doubles Wonder Auto’s Exp
• AEP Unit Signs Green Power Contract
• An Erroneous Conclusion
• Forex – EUR/USD Down Toward The End Of U.S. Session
• Not So Durable
• 11/24 FX Options Report
• U.S. Markets Close Higher; Dow Jones Up 1.37%
• Sarah Palin’s Presidential Strategy, And The Economy She Depends On
• DryShips Wins Drillship Contract
• Parker Hannifin Creates Hybrid Engine
• Good News For Celldex Therapeutics
• Forex – GBP/USD Down During The U.S. Session
• SunPower Increasing U.S. Exposure
• CZZ Invests For Ethanol Growth
• FTI Sees Jolly Holidays For Retail
• Broadcom Broadens Technology Portfolio
• Forex – USD/CAD Down During The U.S. Session
• The Fallacy Of The Fed’s Dual Mandate
• Feedburner – Delayed Delivery Of E-mail Alerts
• “Today’s Rally…based On Jobs Data And Stronger EUR/USD”
• Forex – EUR/USD Down During The U.S. Session
• Caterpillar Issues Chinese Bond
• Caterpillar Issues Chinese Bond
• Anadarko Drills In Offshore Brazil
• Earnings Scorecard: Gap Inc.
• Riak Appetite Strong On Improved Jobless Claims
• Whitney Tilson Webpage Update
• Eni Boosts Activity In Venezuela
• Apache Announces Spar-2 Success
• Durable Goods: Dismal
• Forex – AUD/USD Up During The U.S. Session
• Cabot Completes Canadian Sale
• Income, Spending And Savings All Rise
• Forex Trading: EURUSD Stalls As Wednesday Feels Like Friday
• Forex – NZD/USD Up During The U.S. Session
• European Markets Close Higher; Dax Up 1.77%
• Moving Averages Flirting With Key Levels
• Dollar Rally Could Stall Stocks, Says Griffiths
• Emerging Markets: The Risks Are Increasing …
• Bill Fleckenstein On Job Wars, China
• Roubini Global Economics: Rescuing The Emerald Isle
• Laugh Out Loud: Currencies – Beggar-thy-neighbor
• South Africa’s Growth Fragility In Mid-2010 No Joke

Forex – EUR/USD Down During The Asian Session Posted: 24 Nov 2010 06:05 PM PST Forex Pros – The Euro was lower against the U.S. Dollar on Thursday. EUR/USD was trading at 1.3326, down 0.07% at time of writing. The pair was likely to find support at 1.3285, Wednesday's low, and resistance at 1.3786, Monday's high. Meanwhile, the Euro was up against the British Pound and down against the Japanese Yen, with EUR/GBP gaining 0.06% to hit 0.8459 and EUR/JPY falling 0.18% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/JPY Down During The Asian Session Posted: 24 Nov 2010 05:35 PM PST Forex Pros – The Euro was lower against the Japanese Yen on Thursday. EUR/JPY was trading at 111.08, down 0.29% at time of writing. The pair was likely to find support at 110.32, Wednesday's low, and resistance at 114.95, Monday's high. Meanwhile, the Euro was down against the U.S. Dollar and the British Pound, with EUR/USD shedding 0.17% to hit 1.3313 and EUR/GBP falling 0.05% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Crude Oil Inventory Watch: Surplus Continues To Erode Despite Spike In Imports Posted: 24 Nov 2010 04:51 PM PST Inventories The Department of Energy reported that in the week ending November 19, 2010, U.S. crude oil inventories increased by 1.0 million barrels, gasoline inventories increased by 1.9 million barrels, distillate inventories decreased by 0.5 million barrels, and total petroleum inventories decreased by 0.3 million barrels. While the decline in the overall U.S. petroleum surplus slowed compared to recent weeks, the downward trend continued, with stocks now 72 million, or 6.9% above the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/JPY Down During The Asian Session Posted: 24 Nov 2010 04:45 PM PST Forex Pros – The British Pound was lower against the Japanese Yen on Thursday. GBP/JPY was trading at 131.64, down 0.07% at time of writing. The pair was likely to find support at 130.86, Wednesday's low, and resistance at 134.20, Monday's high. Meanwhile, the British Pound was down against the U.S. Dollar and the Euro, with GBP/USD shedding 0.00% to hit 1.5771 and EUR/GBP rising 0.00% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

NBA Ticket Prices Fall Again Posted: 24 Nov 2010 04:00 PM PST 11/24/10 The NBA announced Wednesday that the average ticket price of a nonpremium seat dropped … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – NZD/USD Up During The Asian Session Posted: 24 Nov 2010 03:50 PM PST Forex Pros – The New Zealand Dollar was higher against the U.S. Dollar on Wednesday. NZD/USD was trading at 0.7611, up 0.11% at time of writing. The pair was likely to find support at 0.7578, Tuesday's low, and resistance at 0.7836, Monday's high. Meanwhile, the New Zealand Dollar was down against the Australian Dollar and up against the Euro, with AUD/NZD gaining 0.06% to hit 1.2928 and EUR/NZD falling 0.04% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Vertex Eyes Telaprevir Approval Posted: 24 Nov 2010 03:35 PM PST Vertex Pharmaceuticals Inc. (NASDAQ:VRTX) recently announced the completion of the submission of a rolling new drug application (NDA) to the US Food and Drug Administration (FDA) for the company's lead pipeline candidate, telaprevir. Telaprevir is being developed for the treatment of hepatitis C virus or HCV, for both treatment-naïve and treatment-failed patients. The filing was based on results from three late-stage trials – ADVANCE, ILLUMINATE and REALIZE. The safety and tolerability profile … [visit site to read more] or compare Best Credit Cards and Best CD Rates

The Day Ahead: Thanksgiving Day Posted: 24 Nov 2010 10:30 AM PST 11/26/10 The stories, data, and stocks that may have the greatest impact during the next trading … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Gilead Files NDA For Combo HIV Drug Posted: 24 Nov 2010 03:05 PM PST Gilead Sciences Inc. (NASDAQ:GILD) recently announced that it has filed a New Drug Application (NDA) with the US Food and Drug Administration (FDA) seeking approval for its once daily, single tablet, fixed dose combination of Truvada and TMC278 (rilpivirine) as a HIV treatment for adult patients. Gilead conducted a bioequivalence study to support the NDA for Truvada/TMC278. Truvada is a fixed dose, once daily tablet containing Viread and Emtriva, both manufactured by Gilead, and marketed for the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Gilead Files NDA For Combo HIV Drug Posted: 24 Nov 2010 03:05 PM PST Gilead Sciences Inc. (NASDAQ:GILD) recently announced that it has filed a New Drug Application (NDA) with the US Food and Drug Administration (FDA) seeking approval for its once daily, single tablet, fixed dose combination of Truvada and TMC278 (rilpivirine) as a HIV treatment for adult patients. Gilead conducted a bioequivalence study to support the NDA for Truvada/TMC278. Truvada is a fixed dose, once daily tablet containing Viread and Emtriva, both manufactured by Gilead, and marketed for the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

FDIC’s Problem Bank List Increases Posted: 24 Nov 2010 03:05 PM PST The number of banks on the Federal Deposit Insurance Corporation's (FDIC) list of problem institutions in the third quarter grew to 860 from 829 in the previous quarter and 552 in the year-ago quarter, the organization said on Tuesday. This is the highest since the savings and loan crisis in the early 1990s. Banks that feature on the problem list are most likely to fail, though some may survive and pull out of the crisis. As of now, only less than a quarter of banks on FDIC’s problem list … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Edison Finances Wind Project Posted: 24 Nov 2010 03:05 PM PST Edison Mission Energy (EME), a subsidiary of Edison International (NYSE:EIX), successfully completed a $75 million debt financing for its $190 million High Lonesome Mesa, New Mexico, wind project. EME funded the balance of project cost through an equity contribution and a Treasury cash grant. Edison's $75 million financing for the project includes $50 million of bonds issued by the New Mexico Renewable Energy Transmission Authority (NMRETA), the proceeds being loaned to the High Lonesome … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Janus Faces Insider Trading Probe Posted: 24 Nov 2010 02:35 PM PST Janus Capital Group Inc. (NYSE:JNS) has hogged the headlines for the wrong reason. In a filing with the Securities and Exchange Commission (SEC), the company has revealed that it has received an enquiry from the authorities in an insider trading investigation on Wall Street. While Janus has expressed willingness to fully cooperate with the SEC, it declined to provide any further details on the enquiry.  Insider tradingis the trading of a corporation’s stock or other securities, such as bonds … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Closing Bell Market Monitor: TIF, GES, SAP Posted: 24 Nov 2010 02:35 PM PST 11/24/10 The latest in news, commentary, and information on what’s moving the US equities markets. Watch this broadcast LIVE at 4:00 pm EST daily @ … [visit site to read more] or compare Best Credit Cards and Best CD Rates

ConAgra Attempts To Enhance Volume Posted: 24 Nov 2010 02:35 PM PST Leading food maker ConAgra Foods Inc.'s (NYSE:CAG) Peter Pan peanut butter brand partners with M&M'S Holiday Milk Chocolate Candies in order to enhance the company's sales volume in the holiday season. Early this month, ConAgra inaugurated its Lamb Weston's new state-of-the art, sweet potato processing plant in Delhi, Louisiana. The new plant is going to enhance its production at a much-reduced cost based on economies of scale, which is going to improve its results in the coming … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Guess? Beats, Raises Dividend Posted: 24 Nov 2010 02:05 PM PST Guess? Inc. (GES) delivered record earnings per share (EPS) of 75 cents in its third quarter ended October 30, 2010, beating the Zacks Consensus Estimate of 59 cents. Earnings were also 8.7% above 69 cents reported in the year-ago quarter and was also well ahead of the company's guided range of 55 cents to 58 cents. The company's expansion in Europe and Asia has paid off, with the regions contributing more than half the quarter's revenue growth. This is commendable considering the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Otix-WDH Merger Gets Shareholder OK Posted: 24 Nov 2010 02:05 PM PST Hearing aid solutions maker Otix Global Inc (OTIX) recently reported that its shareholders have approved its proposed merger with Denmark-based leading international hearing care products maker William Demant Holding ("WDH"). Otix Global signed a definitive merger agreement with WDH on September 13, 2010. Under the deal terms, WDH offered to pay Otix shareholders $8.60 in cash for each share of Otix common stock. The agreement was subsequently amended in October 2010 with WDH raising its … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Down At The End Of U.S. Session Posted: 24 Nov 2010 01:55 PM PST Forex Pros – The Euro was lower against the U.S. Dollar on Wednesday. EUR/USD was trading at 1.3330, down 0.28% at time of writing. The pair was likely to find support at 1.3285, today's low, and resistance at 1.3786, Monday's high. Meanwhile, the Euro was down against the British Pound and up against the Japanese Yen, with EUR/GBP shedding 0.27% to hit 0.8452 and EUR/JPY rising 0.18% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/JPY Up Toward The End Of U.S. Session Posted: 24 Nov 2010 01:40 PM PST Forex Pros – The U.S. Dollar was higher against the Japanese Yen on Wednesday. USD/JPY was trading at 83.55, up 0.47% at time of writing. The pair was likely to find support at 82.79, Tuesday's low, and resistance at 83.84, Tuesday's high. Meanwhile, the U.S. Dollar was up against the Euro and down against the British Pound, with EUR/USD shedding 0.28% to hit 1.3330 and GBP/USD rising 0.03% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Profit Doubles Wonder Auto’s Exp Posted: 24 Nov 2010 01:35 PM PST Wonder Auto Technology Inc. (NASDAQ:WATG) has revealed that it expects to generate revenues of $445 million to $455 million for 2011. This is more than double compared with revenues of $211 million generated in 2009. In the third quarter of 2010, Wonder Auto reported an 84% increase in profit to $11.94 million from $6.51 million in the same quarter a year ago. On earnings per share basis, profit improved to 35 cents from 24 cents in the third quarter of 2009 and the Zacks Consensus estimate of 22 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

AEP Unit Signs Green Power Contract Posted: 24 Nov 2010 01:35 PM PST American Electric Power Company Inc. (NYSE:AEP) announced that its unit AEP Ohio has entered into a long-term contract to purchase wind power from Paulding Wind Farm II LLC, a subsidiary of Horizon Wind Energy, a Houston-based company. As per the 20-year contract, AEP Ohio will purchase all the power produced from the 99 megawatt (MW) facility, which is situated in Benton Township, Paulding County, Ohio. This facility is expected to come on-line from mid-summer 2011. The AEP unit has been … [visit site to read more] or compare Best Credit Cards and Best CD Rates

An Erroneous Conclusion Posted: 24 Nov 2010 01:29 PM PST In my latest post for DailyFinance, “The Coming Property Tax Cliff Means More Bad News for Municipals,” I take issue with a recent Federal Reserve staff working paper that concludes, among other things, that “property tax revenues are unlikely to fall sharply in coming years.” In my view, the current state of the housing market and this graph (from the study) indicate otherwise: Click here to read the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Down Toward The End Of U.S. Session Posted: 24 Nov 2010 01:25 PM PST Forex Pros – The Euro was lower against the U.S. Dollar on Wednesday. EUR/USD was trading at 1.3331, down 0.28% at time of writing. The pair was likely to find support at 1.3285, today's low, and resistance at 1.3786, Monday's high. Meanwhile, the Euro was down against the British Pound and up against the Japanese Yen, with EUR/GBP shedding 0.29% to hit 0.8450 and EUR/JPY rising 0.17% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Not So Durable Posted: 24 Nov 2010 01:12 PM PST Call me a cynic, but can the U.S. really be in a recovery if consumers’ spending on durable goods — a category which includes big-ticket items like cars, home appliances, furniture, and personal computers — remains in a … [visit site to read more] or compare Best Credit Cards and Best CD Rates

11/24 FX Options Report Posted: 24 Nov 2010 01:10 PM PST The USD traded mixed, ahead of the Thanksgiving Day holiday. US jobless claims and consumer sentiment … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.S. Markets Close Higher; Dow Jones Up 1.37% Posted: 24 Nov 2010 01:10 PM PST Forex Pros – U.S. stocks were up after the closing bell on Wednesday. At the close of U.S. trade, the Dow Jones Industrial Average rose 1.37%, the S&P 500 index gained 1.49%, while the Nasdaq 100 index climbed 2.07%. Meanwhile, across the Atlantic, European stock markets closed higher. France's CAC 40 was up 0.62%; Germany's DAX gained 1.77%; Britain's FTSE 100 climbed 1.36%; and the EURO STOXX 50 rose … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Sarah Palin’s Presidential Strategy, And The Economy She Depends On Posted: 24 Nov 2010 01:06 PM PST Monday night, Sarah Palin watched from the audience as daughter Bristol danced on ABC. Twenty-three million other Americans joined her from their homes. Tuesday, the former vice-presidential candidate started a 13-state book tour for her new book, "America By Heart," which has a first printing of 1 million. Her reality show on TLC, "Sarah Palin's Alaska," is in its third week. Last Sunday she was the cover story in the New York Times magazine.  It's all part of The Palin … [visit site to read more] or compare Best Credit Cards and Best CD Rates

DryShips Wins Drillship Contract Posted: 24 Nov 2010 01:05 PM PST DryShips Inc. (NASDAQ:DRYS) signed an agreement with a major South Korean shipyard for the option to construct up to four ultra deepwater drillships for a total project cost of about $600 million per drillship. It includes a non-refundable slot reservation fee of $24.8 million per drillship to be applied if the options are exercised.The four options can be declared within 12 months of the agreement, with deliveries from 2013 to 2014. The new orders would be sisterships of those already under … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Parker Hannifin Creates Hybrid Engine Posted: 24 Nov 2010 01:05 PM PST Parker Hannifin Corporation (NYSE:PH) has developed hydraulic hybrid technologies that exceed new federal fuel efficiency and emissions standards. Extensive testing and field use has indicated that Parker’s RunWise advanced series hydraulic hybrid technology is the most effective system for reducing emissions and fuel consumption by up to 50% in addition to improved drivability and performance.   Parker’s advanced hydraulic system disengages the engine from the rear wheels of the vehicle. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Good News For Celldex Therapeutics Posted: 24 Nov 2010 01:05 PM PST Celldex Therapeutics, Inc.'s (CLDX) pipeline received a boost when the company's injectable vaccine rindopepimut (CDX-110), which is being developed to treat patients suffering from glioblastoma, performed well in a mid-stage study (n=65). The disease is the most common and aggressive form of brain cancer. The data, presented at a medical conference in Canada, revealed that treatment with the vaccine prolonged the survival rate in patients newly diagnosed with glioblastoma multiforme. The … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Down During The U.S. Session Posted: 24 Nov 2010 12:45 PM PST Forex Pros – The British Pound was lower against the U.S. Dollar on Wednesday. GBP/USD was trading at 1.5772, down 0.03% at time of writing. The pair was likely to find support at 1.5741, today's low, and resistance at 1.6095, Friday's high. Meanwhile, the British Pound was up against the Euro and the Japanese Yen, with EUR/GBP shedding 0.27% to hit 0.8451 and GBP/JPY rising 0.50% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

SunPower Increasing U.S. Exposure Posted: 24 Nov 2010 12:35 PM PST SunPower Corporation (SPWRA) is increasing its exposure in the growing U.S. solar market, where it generated 32% of its sales in the first nine months of 2010. In line with its U.S. focus, the company is planning to open a new office in the metropolitan area of Austin, Texas. For this purpose, the company received a $2.5 million investment from the Texas Enterprise Fund. The Texas Enterprise Fund is a business incentive fund that was created by legislation in 2003. The fund is used for … [visit site to read more] or compare Best Credit Cards and Best CD Rates

CZZ Invests For Ethanol Growth Posted: 24 Nov 2010 12:35 PM PST Cosan S.A. Indústria e Comércio (Cosan S.A.) announced its plans for formation of a company in association with Petróleo Brasileiro S.A. (Petrobras), Camargo Correa Óleo e Gás S.A. (Camargo Corrêa); Copersucar S.A. (Copersucar); Odebrecht Transport Participações S.A. (OTP) and Uniduto Logística S.A. (Uniduto). These companies aim at establishing sound transportation and storage system of liquids specializing in ethanol. At its initial stage, the new company will have a capital base of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

FTI Sees Jolly Holidays For Retail Posted: 24 Nov 2010 12:05 PM PST FTI Consulting Inc. (NYSE:FCN), the global business advisory firm, projected a 3% increase in holiday sales in its recently-released 2010 Retail Report. The upside is expected to come on the back of year-over-year improvements in income growth and household wealth. Another reason for the uptick in holiday sales is the impending resolution of tax uncertainties regarding the extension of the Bush tax cuts. FTI believes that some portion of these tax cuts will likely be extended for a year or two. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Broadcom Broadens Technology Portfolio Posted: 24 Nov 2010 12:05 PM PST Leading chipmaker Broadcom Corporation (NASDAQ:BRCM) will acquire privately-held Gigle Networks Inc. for $75 million. The acquisition is expected to be completed in the fourth quarter of 2010. Broadcom will pay an additional $8 million to the former holders of Gigle Networks capital stock, if Gigle achieves certain performance goals. Broadcom expects the acquisition of Gigle Networks to be dilutive by approximately one cent per share in 2011. Gigle Networks develops system-on-a-chip (SoC) solutions … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CAD Down During The U.S. Session Posted: 24 Nov 2010 12:05 PM PST Forex Pros – The U.S. Dollar was lower against the Canadian Dollar on Wednesday. USD/CAD was trading at 1.0116, down 1.27% at time of writing. The pair was likely to find support at 1.0091, today's low, and resistance at 1.0265, Tuesday's high. Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.34% to hit 1.3322 and GBP/USD falling 0.09% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

The Fallacy Of The Fed’s Dual Mandate Posted: 24 Nov 2010 11:44 AM PST Given the opposing views of the potentially parsimonious new Congress and the continuously accommodative Federal Reserve, there is a movement afoot among Republicans to eliminate the Fed’s “dual mandate.” Prior to 1977, the Fed only had one job: maintaining price stability. However, the stagflation of the 1970s inspired politicians to assign another task: promoting maximum employment. This “mission creep” has transformed the Fed from a monetary watchdog into an instrument of social … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Feedburner – Delayed Delivery Of E-mail Alerts Posted: 24 Nov 2010 11:30 AM PST Feedburner, the system used for delivering e-mail alerts of the Investment Postcards updates, has for some unknown reason today decided to go on strike. I posted a full quota of new items a few hours before the opening bell in New York, but the alerts have unfortunately not yet made their way to your inboxes. I can only hope Feedburner sorts itself out before too … [visit site to read more] or compare Best Credit Cards and Best CD Rates

“Today’s Rally…based On Jobs Data And Stronger EUR/USD” Posted: 24 Nov 2010 11:15 AM PST 11/24/2010 DME Securities’ Alan Vales discusses today’s market rally, and the upcoming trading … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Down During The U.S. Session Posted: 24 Nov 2010 11:15 AM PST Forex Pros – The Euro was lower against the U.S. Dollar on Wednesday. EUR/USD was trading at 1.3331, down 0.28% at time of writing. The pair was likely to find support at 1.3285, today's low, and resistance at 1.3786, Monday's high. Meanwhile, the Euro was down against the British Pound and up against the Japanese Yen, with EUR/GBP shedding 0.20% to hit 0.8457 and EUR/JPY rising 0.19% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Caterpillar Issues Chinese Bond Posted: 24 Nov 2010 11:05 AM PST Caterpillar Inc's (NYSE:CAT) subsidiary Caterpillar Financial Services Corporation has issued a two-year RMB 1billion ($150 million) bond with a coupon rate of 2% to institutional investors in Hong Kong. This makes the company the first foreign industrial multinational and the second non-financial multinational company to issue debt in Chinese currency. Caterpillar plans to use the proceeds to fund its operations in China. Caterpillar follows McDonald’s Corp. (NYSE:MCD), which in August raised RMB … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Caterpillar Issues Chinese Bond Posted: 24 Nov 2010 11:05 AM PST Caterpillar Inc's (NYSE:CAT) subsidiary Caterpillar Financial Services Corporation has issued a two-year RMB 1billion ($150 million) bond with a coupon rate of 2% to institutional investors in Hong Kong. This makes the company the first foreign industrial multinational and the second non-financial multinational company to issue debt in Chinese currency. Caterpillar plans to use the proceeds to fund its operations in China. Caterpillar follows McDonald’s Corp. (NYSE:MCD), which in August raised RMB … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Anadarko Drills In Offshore Brazil Posted: 24 Nov 2010 11:05 AM PST Texas-based Anadarko Petroleum Corporation (NYSE:APC) recorded impressive results at its first well (Itauna #1) in block BM-C-29, located in about 250 feet of water, offshore Brazil. The Itauna #1 well witnessed over 275 net feet of oil and natural gas pay in two separate post-salt zones. To date, the well has been drilled to a depth of approximately 15,250 feet with a planned total depth of nearly 18,000 feet. Once activities on this well are completed, the operating rig is scheduled to move to … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Earnings Scorecard: Gap Inc. Posted: 24 Nov 2010 11:05 AM PST On November 18, 2010, Gap Inc. (NYSE:GPS) reported third-quarter fiscal 2010 earnings per share of 48 cents, and met the Zacks Consensus Estimate. The company continues to expect earnings of $1.77 to $1.82 per share for fiscal 2010, compared with $1.58 per share earned in the prior year.   Quarterly Review   Gap Inc.'s third-quarter 2010 earnings of 48 cents per share rose 9.0% from last year’s 44 cents and remained in line with the Zacks Consensus Estimate.   During the quarter, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Riak Appetite Strong On Improved Jobless Claims Posted: 24 Nov 2010 05:53 AM PST 11/24/10 An improvement in US jobless claims figures and consumer confidence has led the way for strong gains for higher-yielding currencies this … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Whitney Tilson Webpage Update Posted: 24 Nov 2010 10:35 AM PST I just added a resource page devoted to value investor Whitney Tilson. The webpage will be a permanent page on Value Walk. The page contains Tilson's bio, articles, hours of video interviews etc. I plan to post additional for the next few days, but this should give you some additional information on Tilson. I posted the entire page below and to view the permanent static page go to the top toolbar-Value Investors->The New Value Investors->Whitney Tilson. Or by clicking on the following … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Eni Boosts Activity In Venezuela Posted: 24 Nov 2010 10:35 AM PST Eni SpA (NYSE:E) is fairly active in Venezuela. Yesterday, the company signed contracts with the Venezuelan state-owned company Petroleos de Venezuela S.A. ("PDVSA") to establish mixed enterprises for conducting various upstream and downstream activities. The news followed Eni's drilling success in the Gulf of Venezuela early last week. The mixed enterprises are PetroJunin and PetroBicentenario. While the first entity will be dedicated to the development of Junin 5 Block, located in the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Apache Announces Spar-2 Success Posted: 24 Nov 2010 10:35 AM PST U.S.energy firm Apache Corp. (APA) announced positive results from an offshore natural gas site (Spar-2) in Western Australia's Carnarvon Basin, building on the integrated energy company's leading position in this hydrocarbon-rich area. Situated in the WA-4-P permit area, the Spar-2 well encountered 58 million cubic feet (MMcf) of natural gas and 950 barrels of condensate per day. Apache’s Australian subsidiary plans to supply gas from the Spar Field and nearby Halyard Field (located only 2 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Durable Goods: Dismal Posted: 24 Nov 2010 10:35 AM PST New Orders for Durable Goods fell 3.3% in October. That was much worse than the consensus expectations for a decline of 0.3%. The bad news cannot just be pegged on the extremely volatile Transportation Equipment side, and more specifically, from the Non-Defense Aircraft component, which is often the case when we get a bad headline durable goods number. That is mostly orders for big 777's and 747's from Boeing (NYSE:BA), which are very expensive items. It also includes orders for business jets … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – AUD/USD Up During The U.S. Session Posted: 24 Nov 2010 10:35 AM PST Forex Pros – The Australian Dollar was higher against the U.S. Dollar on Wednesday. AUD/USD was trading at 0.9833, up 1.12% at time of writing. The pair was likely to find support at 0.9709, Tuesday's low, and resistance at 0.9954, Monday's high. Meanwhile, the Australian Dollar was up against the Euro and the Japanese Yen, with EUR/AUD shedding 1.30% to hit 1.3576 and AUD/JPY rising 1.55% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Cabot Completes Canadian Sale Posted: 24 Nov 2010 10:20 AM PST Independent energy exploration and production ("E&P") company Cabot Oil and Gas (COG) has entered into an agreement with Tourmaline Oil Corp. to sell its remaining investment in Canada for about $61.3 million in cash and stock. In April 2009, Cabot struck a deal to dispose its Canadian unit – Cabot Petroleum Canada Corporation – to Tourmaline Oil Corp. in return for cash and three million shares in the private company. With Tourmaline beginning to trade on the Toronto Stock Exchange … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Income, Spending And Savings All Rise Posted: 24 Nov 2010 10:20 AM PST In October, Personal Income rose 0.5%, a nice improvement over the 0.0% change in September, and matching the 0.5% increase in August. It was also above the consensus expectation of a 0.4% increase. In addition, we got upward revisions to both the September and August numbers of +0.1 each. Meanwhile, Personal Consumption Expenditures (PCE) rose by 0.4%, lower than the consensus expectation of a 0.6% rise. That is an acceleration from the 0.3% rise in September but below the rise of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: EURUSD Stalls As Wednesday Feels Like Friday Posted: 24 Nov 2010 10:03 AM PST … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – NZD/USD Up During The U.S. Session Posted: 24 Nov 2010 10:00 AM PST Forex Pros – The New Zealand Dollar was higher against the U.S. Dollar on Wednesday. NZD/USD was trading at 0.7630, up 0.55% at time of writing. The pair was likely to find support at 0.7578, Tuesday's low, and resistance at 0.7836, Monday's high. Meanwhile, the New Zealand Dollar was down against the Australian Dollar and up against the Euro, with AUD/NZD gaining 0.63% to hit 1.2894 and EUR/NZD falling 0.54% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

European Markets Close Higher; Dax Up 1.77% Posted: 24 Nov 2010 09:55 AM PST Forex Pros – European stocks were up after the closing bell on Wednesday. At the close of European trade, Germany's DAX rose 1.77%, London's FTSE 100 gained 1.36%, France's CAC 40 climbed 0.62% and the EURO STOXX 50 was up 0.68%. Meanwhile, on Wall Street, equity markets were up after the open. The Dow Jones Industrial Average was up 1.23%; the S&P 500 index gained 1.35%, while the Nasdaq 100 index climbed … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Moving Averages Flirting With Key Levels Posted: 24 Nov 2010 02:29 AM PST I yesterday summarized my market view in a post entitled "Commodity prices – on a knife's edge". For some additional perspective, I consider the key moving averages of the principal asset classes in the following paragraphs: The major moving-average levels for the benchmark U.S. stock market indices, the BRIC countries and South Africa (where I am based in Cape Town when not traveling), are given in the table below. The key observation is that after the nascent correction, most major … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Dollar Rally Could Stall Stocks, Says Griffiths Posted: 24 Nov 2010 02:22 AM PST Stock markets could be set to stall if the dollar continues to strengthen, Robin Griffiths, technical strategist at Cazenove Capital, told … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Emerging Markets: The Risks Are Increasing … Posted: 24 Nov 2010 02:13 AM PST Emerging-market equity prices as measured by the MSCI Emerging Markets Free Index are primarily driven by commodity prices and in particular by metal prices as measured by the Economist Metals Price Index. Currently emerging-market equities are approximately 8 – 10% overpriced given the level of metal prices. Sources: I-Net Bridge; Plexus Asset Management. The ratio of the MSCI Emerging Market Free Index and MSCI Global Index is also driven by commodity prices and specifically metal prices. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bill Fleckenstein On Job Wars, China Posted: 24 Nov 2010 02:09 AM PST Bill Fleckenstein of Fleckenstein Capital explains why decisions made in China affect jobs in America. Visit msnbc.com for breaking news, world news, and news about the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Roubini Global Economics: Rescuing The Emerald Isle Posted: 24 Nov 2010 02:08 AM PST The report below comes courtesy of Nouriel Roubini's team of analysts at RGE. After a crack IMF, EU and ECB team came to Dublin to crunch numbers with the Irish government, it appears that all sides have agreed on the need for a rescue deal to resolve the country's continuing crisis in sovereign and bank debt. As a result, Ireland's government has officially requested aid, and while the specific terms of the agreement are still being hammered out, the final package is expected to be … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Laugh Out Loud: Currencies – Beggar-thy-neighbor Posted: 24 Nov 2010 01:54 AM PST … [visit site to read more] or compare Best Credit Cards and Best CD Rates

South Africa’s Growth Fragility In Mid-2010 No Joke Posted: 24 Nov 2010 12:59 AM PST By Cees Bruggemans, Chief Economist of FNB. GDP growth for 3Q2010 (quarterly annualized) came in at an anemic 2.6%, well below the consensus view of 3.2%. To add insult to injury, growth for 2Q2010 was revised down from 3.2% to 2.8%. If there was any world cup growth dividend, it certainly was well hidden in the detail. SARB Governor Marcus last week described the economy as still "fragile". That turned out to be no understatement. The primary sectors steamed ahead, agriculture growing by … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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